Successful issue of Helvetica Swiss Commercial Real Estate Fund
Helvetica Property Investors has successfully completed the initial capital issue of the Helvetica Swiss Commercial Fund. Qualified investors in Switzerland had the opportunity to subscribe to the new Helvetica Swiss Commercial fund from September 12, 2016. The subscription period came to a successful closing on December 2, 2016.
The issue proceeds from the first capital issue have already been fully invested in a diversified portfolio of quality properties in suburban areas with strong economies in the German and French speaking part of Switzerland. The properties acquired have a current gross yield of 5.8% and net rental income of around CHF 4.8 million per year - with upside potential. The transaction is already notarized and will be closed on December 15, 2016.
«We are happy that we have managed to invest the proceeds from the first capital issue in properties of good quality shortly after the shares are paid. This demonstrates our skills in acquiring attractive properties. Putting money to work quickly is more important than ever at times when interest rates are negative,» said Frederic Königsegg, CIO, Head Investments Helvetica Property Investors.
The Helvetica Swiss Commercial fund invests directly and exclusively in real estate assets in the German and French-speaking part of Switzerland. The focus is on attractive suburban regions with strong economies. The aim is to build a portfolio diversified by region, usage, size and tenant mix. The key investment objective of the Helvetica Swiss Commercial Fund is to generate an attractive cash flow yield combined with a stable long term value development.
«We think long-term and will continue to acquire attractive properties with an attractive cash flow for our investors to ensure that they will benefit from the next cyclical upturn. I am quite confident that the already stable Swiss economy is returning to moderate growth. The expected migration will further improve the overall conditions for the commercial real estate market in Switzerland. I therefore believe the timing to enter the commercial Real Estate market to be good,» comments Hans R. Holdener, CEO and Managing Partner.
«As a Fund Manager, recently approved by FINMA and a relative newcomer to the market for regulated products, we are very satisfied with the result of the fundraising. The investor commitments are allowing us a good start and we are certain that the properties we have acquired will allow us to pay stable dividends to our investors. We will soon be considering a second capital increase,» commented Chairman Hans Ueli Keller.
For more information
| Hans R. Holdener Mobile + 41 79 700 78 78 E-Mail hrh@HelveticaProperty.com |
| HELVETICA SWISS COMMERCIAL | |
|---|---|
| Legal form | Contractual Real Estate Investment Fund under Swiss law |
| Fund Domicile | Switzerland |
| Name | Helvetica Swiss Commercial |
| Fund Manager | Helvetica Property Investors AG |
| Asset Manager | Helvetica Property Investors AG |
| Investors | Qualified Investors Art. 10 Abs. 3, 3bis und 3ter KAG |
| Audit | PricewaterhouseCoopers AG, Zurich |
| Custodian Bank | Notenstein La Roche Privatbank AG |
| Valuation | Wüest Partner AG |
| Supervisor Authority | FINMA |
| Fiscal Year | 01.01. – 31.12 |
| Valor Number | 33550793 |
| ISIN | CH0335507932 |
Über die Helvetica Property Investors AG
Helvetica Property Investors ist eine unabhängige Immobilien Fondsleitungs- und Asset Management Gesellschaft, welche von der Eidgenössischen Finanzmarktaufsicht FINMA bewilligt ist. Helvetica Property Investors deckt die gesamte Palette im Bereich Immobilienanlagen ab, darunter Anlagestrategien, Auswahl von Anlageobjekten, Strukturierung von Transaktionen, Übernahmen, Finanzierungen, Portfolioverwaltung und Verkäufe. Die Gesellschaft führt direkte und indirekte Immobilienanlagen in der Schweiz und verwaltet sie im Auftrag ihrer Kunden. Für den Helvetica Swiss Commercial Immobilienfonds hat sie die Fondsleitung inne und fungiert als Asset Manager.